' including a consultation on making it possible to criminally prosecute bankers for wrongdoing.'
Wow! Is this some kind of admittance that bankers actually are above the law then?

www.telegraph.co.uk/finance/newsbysector...d-Marcus-Agius.html#

www.nytimes.com/2012/07/03/opinion/rigge...rigged-markets.html/

Shock..horror!!
The mainstream media have admitted the size of the derivatives market take a look!!

The rates are also linked to an estimated $700 trillion market in derivatives, which banks buy and sell on a daily basis.

If these rates are rigged, markets are rigged — against bank customers, like everyday borrowers, and against parties on the other side of a bank’s derivatives deals, like pension funds.

Thats right people, if you are involved in a credit card scam for a few thousand dollars you go to jail.
If you get involved in a scam that involves every form of credit on the face of the f**king planet then you walk!!

'Kin 'ell!

Wilcock and Fulford were right!!!!! All these fekkers are going behind bars!!!


Oh wait......hang on a mo..........they won't will they.

dubmeup wrote:
shillcocks and fullofit are even more unbelievable than the news and that takes some doing tbh

hahaha it certainly takes some doing

dubmeup wrote:
Maybe his ninjas will come to the rescue with the dragon families 700 trillion and bail out the banks lol....

As a slight aside:
I don't subscribe to the Ninja dragon saviours nonsense but my interest was certainly piqued by the "Foundation X" story that was brought up in the House of Lords. A consortium offering to effectively balance Britain's books with seemingly no strings or usury attached? Now that WAS interesting, despite it coming to nought.

dubmeup wrote:
I don't doubt the lord was telling the truth about the offer, however it was someone taking the piss imho.

andyh wrote: Aye maybe but a mickey taker with an awful lot of credibility to get him so convinced eh.

dubmeup wrote:
He didn't seem to know who it was lol.

andyh wrote:
TbF he didn't seem to know where he was either

andyh wrote:

www.bbc.co.uk/news/business-19196831

"Barclays appoints David Walker as chairman
"Barclays bank has appointed Sir David Walker as its new chairman in the wake of the Libor scandal.
Sir David is a senior banker who led the 2009 government inquiry into the rules governing how banks are run
Sir David is a senior advisor to the American bank Morgan Stanley, having previously been chairman of Morgan Stanley International."


www.bloomberg.com/news/2011-08-22/morgan...t-107b-from-fed.html

"The bank never told investors about the extent of its Fed borrowings, even as they rose to the most in the 97-year history of emergency lending by the U.S. central bank."

"At the peak of Morgan Stanley’s Fed borrowings, on Sept. 29, 2008, the firm reported that liquidity was “strong,” without mentioning how dependent its cash stores had become on the government lifeline. "


www.icffr.org/getdoc/6d423460-70e2-4fcc-...te-Governance-i.aspx
"He maintains that the chief deficiency of banks and other financial institutions (BOFI) were behavioural not organisational."

"There should be enhanced attention to remuneration policies in respect of variable pay, disclosures and incentives."

Even with the vaguest of scratches to the surface it becomes apparent that this is more of the same.....

andyh wrote:
Didn't they offer something like £20billion? Total piss take.

I think they offered £5 billion up front to finance public projects like X rail as an economy stimulus........

Tbh my interest in the foundation X thing mainly centred around Lord Jame's comments on terrorist money going through the banks with the BofE knowing about it
That's not to say I wasn't intrigued by Foundation X too.

dubmeup wrote:
Ah, I remember that now... I got to the bottom of this I seem to remember... but can't remember what happened if you know what I mean!
There was either some extra context or refutation of what had been said, or something like that... still, all very fishy sounding!

IIrc, the position was that the BofE had put Lord James in with the purpose of cutting off the terrorists funds.

Space Bandit wrote:
It was in total 15 Trillion with 3 payments of 5 trillion over a period of time.

From the transcript of Lord James' speech:
"It is prepared to put up the entire £5 billion for the funding of the three Is recreation

The British Government can have the entire independent management and control of it - Foundation X does not want anything to do with it.

There will be no interest charged.

And, by the way, if the British Government would like it as well, if it will help, the foundation will be prepared to put up money for funding hospitals, schools, the building of Crossrail immediately with £17 billion transfer by Christmas, if requested, and all these other things."

www.bibliotecapleyades.net/sociopolitica...knightstemplar18.htm

There we go, SB was closest

I think you may be confusing the Foundation X speech with this speech Boots: